7 payers exiting Medicare Advantage markets in 2025

[Duaine]

Seven insurers are exiting Medicare Advantage markets in 2025, a number that is likely to grow in the fall.

There are 3,959 Medicare Advantage plans available nationwide in 2024. The average number of plans available to beneficiaries is 43, unchanged from 2023.

Seven insurers exiting Medicare Advantage markets in 2025:

BCBS Arizona will not offer MA prescription drug plans in Arizona in 2025, Becker's confirmed.

Centene will exit a handful of unspecified Medicare Advantage markets, CEO Sarah London said July 26.

Clear Spring Health will withdraw its Medicare Advantage prescription drug plans from South Carolina and Virginia, Becker's confirmed. The company will still offer plans in Illinois, Georgia (MAPD), and Colorado.

BCBS Kansas City is exiting the Medicare Advantage market at the end of 2024, citing increasing regulatory requirements and financial headwinds.

Aetna is bracing to lose up to 10% of its 4.2 million Medicare Advantage members next year as it prioritizes profitability and exits an unknown number of counties where it believes it can't be profitable, executives said in May.

Humana expects to exit unspecified Medicare Advantage markets in 2025 and see a membership decline, company executives told investors in April.

Cigna Group reached a deal to sell its Medicare business to Health Care Service Corp. for $3.3 billion in January. The deal is expected to close in the first quarter of 2025 and includes 596,977 MA members, 450,000 Medicare supplement members and 2.5 million members in part D plans.

[EXTERNAL LINK] - 7 payers exiting Medicare Advantage markets in 2025

 

[PCBI]

Govt funded program. Goid while it lasts
Nuff said

 

[sshafran]

Seven insurers are exiting Medicare Advantage markets in 2025, a number that is likely to grow in the fall.

There are 3,959 Medicare Advantage plans available nationwide in 2024. The average number of plans available to beneficiaries is 43, unchanged from 2023.

Seven insurers exiting Medicare Advantage markets in 2025:

BCBS Arizona will not offer MA prescription drug plans in Arizona in 2025, Becker's confirmed.

Centene will exit a handful of unspecified Medicare Advantage markets, CEO Sarah London said July 26.

Clear Spring Health will withdraw its Medicare Advantage prescription drug plans from South Carolina and Virginia, Becker's confirmed. The company will still offer plans in Illinois, Georgia (MAPD), and Colorado.

BCBS Kansas City is exiting the Medicare Advantage market at the end of 2024, citing increasing regulatory requirements and financial headwinds.

Aetna is bracing to lose up to 10% of its 4.2 million Medicare Advantage members next year as it prioritizes profitability and exits an unknown number of counties where it believes it can't be profitable, executives said in May.

Humana expects to exit unspecified Medicare Advantage markets in 2025 and see a membership decline, company executives told investors in April.

Cigna Group reached a deal to sell its Medicare business to Health Care Service Corp. for $3.3 billion in January. The deal is expected to close in the first quarter of 2025 and includes 596,977 MA members, 450,000 Medicare supplement members and 2.5 million members in part D plans.

[EXTERNAL LINK] - 7 payers exiting Medicare Advantage markets in 2025

Opportunity.

 

[axeman462]

2 years from now 7 new carriers will take their place.
Yawn.
If this were were the stock market I'd be saying BTFD

 

[billyb]

I got an email from MOO stating their relationship with Wellcare would continue in 2025 but the states that would be available did not include FL. Is Wellcare leaving FL?

 

[axeman462]

I got an email from MOO stating their relationship with Wellcare would continue in 2025 but the states that would be available did not include FL. Is Wellcare leaving FL?

No, wellcare is not leaving Florida.

The MOO and wellcare coop is only in certain markets and for specific products. In Florida, wellcare and MoO do not team up.

 

[25MercuryHP]

Seven insurers are exiting Medicare Advantage markets in 2025, a number that is likely to grow in the fall.

There are 3,959 Medicare Advantage plans available nationwide in 2024. The average number of plans available to beneficiaries is 43, unchanged from 2023.

Seven insurers exiting Medicare Advantage markets in 2025:

BCBS Arizona will not offer MA prescription drug plans in Arizona in 2025, Becker's confirmed.

Centene will exit a handful of unspecified Medicare Advantage markets, CEO Sarah London said July 26.

Clear Spring Health will withdraw its Medicare Advantage prescription drug plans from South Carolina and Virginia, Becker's confirmed. The company will still offer plans in Illinois, Georgia (MAPD), and Colorado.

BCBS Kansas City is exiting the Medicare Advantage market at the end of 2024, citing increasing regulatory requirements and financial headwinds.

Aetna is bracing to lose up to 10% of its 4.2 million Medicare Advantage members next year as it prioritizes profitability and exits an unknown number of counties where it believes it can't be profitable, executives said in May.

Humana expects to exit unspecified Medicare Advantage markets in 2025 and see a membership decline, company executives told investors in April.

Cigna Group reached a deal to sell its Medicare business to Health Care Service Corp. for $3.3 billion in January. The deal is expected to close in the first quarter of 2025 and includes 596,977 MA members, 450,000 Medicare supplement members and 2.5 million members in part D plans.

[EXTERNAL LINK] - 7 payers exiting Medicare Advantage markets in 2025

Like clockwork. Now agents scurry to switch all their clients so they dont lose them to inhouse agents. The marbles roll downhill people remember this is a subsidized program. When its subsidies dry up so will the renewals. Common sense

 

[Chazm]

Subsidies are alive and strong and higher next year than this year.
There’s still free dental, free vision, huge part b buydowns next year too. Too bad you’re missing out

 

[DonP]

Subsidies are alive and strong and higher next year than this year.
There’s still free dental, free vision, huge part b buydowns next year too. Too bad you’re missing out

Where are those higher benefits on 2025 than 2024 ? United , Aetna , Humana , anthem who control 80% of the mapd mkt have announced zero benefits yet that I’ve seen . Neither has devoted . Matter of fact when ordering enrollment books with Humana I’d say they pulled plans in 15-20% of county’s .Aetna will be doing the same . United seems to be in the same county’s . They always had worse plans than the others but word is they’ll be lowering benefits . Again no major company has disclosed specialist copays , hospital copays and days nor any other details .

 

[Chazm]

Where are those higher benefits on 2025 than 2024 ? United , Aetna , Humana , anthem who control 80% of the mapd mkt have announced zero benefits yet that I’ve seen . Neither has devoted . Matter of fact when ordering enrollment books with Humana I’d say they pulled plans in 15-20% of county’s .Aetna will be doing the same . United seems to be in the same county’s . They always had worse plans than the others but word is they’ll be lowering benefits . Again no major company has disclosed specialist copays , hospital copays and days nor any other details .

Where did I say benefits in 2025 are higher than in 2024? Where did I say that full benefits have been announced.
Subsidies are not benefits Don.